Tuesday, 8 October 2019, 425 Lexington Avenue, New York, NY 10017, USA

Private equity continues to find returns in Latin America. One sector seeing some of the biggest investments is technology. Ripe for further capital injections, these investments are set to continue; a roundtable on this topic will invite delegates to share their deal-making experiences. The conference will consider recent trends driving deal activity – such as the use of increasingly exotic deal structures to achieve greater returns. Anti-corruption is another defining feature of deal-making in the region that has amped up in recent years; a roundtable discussion invites delegates to consider the specific nuances that come into play when a private equity player is tainted by corruption, including the steps funds should take to manage internal repercussions of a crisis and alleviate the damage caused. Speakers on another panel will consider the latest developments in fundraising, including what regulatory updates across the region are helping to inspire greater confidence among institutional investors. In a new segment for 2019, we also invite representatives from private equity firms to walk us through their success exits in Latin America.

E-mail Tel: +44 20 3780 4137

Chairs

Jean Michel Enríquez

Creel, García-Cuéllar, Aiza y Enríquez, Mexico City

Jean Michel Enríquez is a partner in the Mexico City office and member of the firm’s executive committee. His practice focuses on mergers and acquisitions, private equity and capital markets. Among others, Mr. Enríquez regularly advises large multinationals and global private equity investors and sponsors on acquisitions and investments in Mexico across multiple industries.

Todd Crider

Simpson Thacher & Bartlett, New York and São Paulo

Co-Head of the Firm’s Latin America Practice, Todd Crider advises clients in international corporate finance transactions, mergers and acquisitions and project finance. He divides his time between New York and São Paulo, Brazil, where he is Co-Head of the office. In corporate finance, Todd has led transactions in Latin America and Europe, including advising on equity and debt offerings by issuers from Brazil, Chile, Argentina, Mexico and Colombia, as well as Spain and Portugal.

2019 Programme

 

8.00: Welcome coffee and registration

8.30: Chairs’ opening remarks

Todd Crider, Simpson Thacher & Bartlett, New York and São Paulo

Jean Michel Enríquez, Creel, García-Cuéllar, Aiza y Enriquez, Mexico City

8.45: Overview presentation

TBA

9.15: The view from the banks

Leading private equity bankers discuss the deal flow, opportunities and challenges in Latin America.

 - What are the right strategies for finding value?

 - Lands of opportunities: Brazil, Mexico and Colombia

 - The rising cost of debt: finding the L in LBOs

 - How macroeconomics shape deal structures

 - Effective fundraising structures

10.15: Coffee break

10.45: Latin America’s tech boom

Latin America is in the midst of a technology boom. Successful tech companies from the region are making an impact globally: in 2018 PagSeguro became the first Brazilian fintech company to list its shares on the New York Stock Exchange in a landmark IPO. And in 2019 Japan’s SoftBank clinched the largest ever investment in a Latin American tech start-up when it poured US$1 billion into Colombian food delivery start-up Rappi. The tech sector is ripe for investment – perhaps most especially the fintech market, which is tipped to be worth more than US$150 billion by 2021. Panellists will share their experiences advising private equity in Latin America’s tech sector. What sets tech deals apart from other transactions and what do practitioners need to look out for in different jurisdictions? Is regulatory oversight making these deals easier or harder to close?

11.45: Deal-making in 2019 and beyond: everything you need to know

Private equity deals are increasingly multifaceted. Seeking a path to greater returns, financial sponsors are employing more exotic deal structures that put to work a mix of debt and equity muscle. Hybrid structures provide some preference over pure equity investment and can present a more appealing risk to reward ratio to institutional investors. Meanwhile, macroeconomic conditions in markets across the region dictate what deal structures are in demand. From preferential deal structures to the future of leveraged buyouts (LBOs) as the costs of debt rises, this panel covers everything you need to know about the essentials of private equity deal-making today.

12.45: Networking lunch

14.00: Roundtable: When disaster strikes

Five years on from the compliance earthquake heralded by Operation Car Wash (aka the biggest corruption scandal ever), a lot has changed for Latin America’s business landscape. Anti-corruption enforcement has undeniably stepped up, with obvious implications for deal-making. For private equity entities tainted by corruption scandals, the reputational damage can be dire. But it can also generate tensions between stakeholders in funds, such as between general and limited partners. This panel considers the specific nuances that come into play when a private equity player is tainted by corruption. What steps should funds take to manage internal repercussions of a crisis and alleviate the damage caused?

Roundtable discussions facilitated by leading practitioners are designed to give audience members the opportunity to get to the heart of a topical issue affecting their practice. The idea is to promote a dynamic discussion on the hot topics of law and practice.

15.00: Coffee break

15.30: Keynote address

TBA

16.15: The future of fundraising

If Japanese lender SoftBank’s US$5 billion innovation fund to invest in tech companies and start-ups in Latin America is anything to go off, the future of fundraising in the region is looking rosy. SoftBank is not the only one. A 2018 poll by the Latin American Private Equity and Venture Capital Association (LAVCA) found more than half of investors said they planned to increase their allocation of funds to private equity over the course of 2019. This panel considers what regulatory updates across the region are helping to inspire greater confidence among institutional investors for alternative investments, including relevant tax laws. And what do those investors want to see more – or less – of going forward? Delegates are invited to share their experiences in fundraising and the latest developments in jurisdictions across Latin America.

17.15: Success stories

In a new segment for 2019, we invite representatives from private equity firms and target companies to walk us through successful private equity exits in Latin America.

18.15: Chairs’ closing remarks

Todd Crider, Simpson Thacher & Bartlett, New York and São Paulo

Jean Michel Enríquez, Creel, García-Cuéllar, Aiza y Enriquez, Mexico City

Further information

For further information or sponsorship opportunities, please call +44 203 780 4137 or email llevents@latinlawyer.com

Venue

425 Lexington Avenue, New York, NY 10017, USA

Testimonials

  • “The Latin Lawyer conferences gather the leading lawyers from the region to discuss the most significant current legal topics. A must go event for Latin American practitioners.” Fulvio Italiani, D'Empaire Reyna Abogados

  • “Latin Lawyer conferences provide a great forum for the latest industry trends and regulations as well as networking with the leading industry players in the region. The quality of speakers and topics of discussion deliver a balanced academic and practical view of the law.” Marco Solano, Aguilar Castillo Love

Prices

Private Practitioner
Type Price Expires
Super Early $700 30 Aug 2019
Early $1,050 27 Sep 2019
Standard $1,375 08 Oct 2019

 

In-house/governmental
Type Price
Standard £0